IN THE TWENTY THIRD JUDICIAL CIRCUIT COURT
JEFFERSON COUNTY, MISSOURI
PLEASE READ THE NOTICE CAREFULLY.
IT EXPLAINS YOUR RIGHTS AND OPTIONS TO PARTICIPATE IN THIS CLASS ACTION.
NOTICE OF CLASS ACTION SETTLEMENT
If you owned property repossessed by Ally Financial Inc., you could get valuable benefits from a class-action settlement.
A court authorized this notice. This is not a solicitation from a lawyer.
- You may be eligible to participate in a settlement with benefits, including money, the reduction of certain debts, the cessation of finance and late charges, and the deletion of certain negative credit information from credit reports if you obtained a loan or financing agreement held by Ally Financial Inc. or Ally Bank (including their subsidiaries, successors, and predecessors) (“Ally”) under which personal property, such as a vehicle you purchased, was pledged as collateral and repossessed.
- The settlement resolves a lawsuit over whether Ally sent proper notices to you in connection with attempting to collect your loan and repossessing and selling your property. This settlement avoids costs and risks to you from the lawsuit; provides benefits to borrowers like you; and releases Ally from liability.
- The two sides disagree on whether the borrowers could’ve won and on how much money they would’ve been entitled to had they won. Ally has denied liability and continues to do so.
- Your legal rights are affected whether you act or don’t act. Read this notice carefully.
- Consult your tax adviser about the tax issues associated with this settlement. Relief provided under this settlement, including money and debt reduction, may be subject to the payment of taxes.
Your Legal Rights and Options in this Settlement
Do Nothing
By doing nothing, you will receive the benefits that come from the settlement, including money. But you give up rights to separately sue Ally concerning your financing transaction that resulted in a repossession.
Exclude Yourself
Get no money or benefits. This is the only option that allows you to ever be part of any other lawsuit against Ally about the legal claims.
Object
Write to the Court about why you don't like the settlement.
Go to a Hearing
Ask to speak in Court about the fairness of the settlement.
- These rights and options—and the deadlines to exercise them—are explained in this notice.
- The Court must still decide whether to approve the settlement. Money and benefits will be provided if the Court approves the settlement and after any appeals are resolved. Please be patient.
... view full notice
IT EXPLAINS YOUR RIGHTS AND OPTIONS TO PARTICIPATE IN THIS CLASS ACTION.
Your Legal Rights and Options in this Settlement |
|
Do Nothing |
By doing nothing, you will receive the benefits that come from the settlement, including money. But you give up rights to separately sue Ally concerning your financing transaction that resulted in a repossession. |
Exclude Yourself |
Get no money or benefits. This is the only option that allows you to ever be part of any other lawsuit against Ally about the legal claims. |
Object |
Write to the Court about why you don't like the settlement. |
Go to a Hearing |
Ask to speak in Court about the fairness of the settlement. |